Between KJ Somaiya and VJTI, the latter is definitely better. Whether or not you should take a year drop that depends on you and how important is this year to you. 

Comparison:

If you compare KJ Somaiya and VJTI, in terms of placement and higher education you will see that the best students from KJ Somaiya do get similar opportunities as VJTI students. One of my friends attended VJTI and got placed in a company that was one of the best to visit KJ Somaiya too. So, he has 4-6 colleagues from KJ Somaiya. 

As long as brand value goes, after 5 years of the compilation of your course, no one will care where are you from VJTI or KJ Somaiya. 

People will care if you are from IIT though because IIT brand-name sticks. 

A word of advice, dropping a year to join VJTI may not be worth it. If you are going to drop a year, try to get into an IIT or IIIT.

Both of these institutions would definitely be on the list if you are planning your engineering from one of the many colleges in Mumbai.

Placements - Thadomal Shahani Engineering College:

The Computer Engineering department at TSEC enjoys top priority in the placement drives. In the placement year 2020, the highest CTC offered at Thadomal Shahani Engineering College was around INR 20 LPA. The average CTC ranges between INR 6-7 LPA. Some of the companies visiting the campus for placements are as follows.

1. Works Applications Co.
2. Morgan Stanley
3. JP Morgan
4. Ernst & Young
5. Deloitte India
6. Deloitte US in India
7. PriceWaterhouseCoopers Pvt Ltd

Placement - KJ Somaiya:

It is one of the top management colleges in India. In the placement drive for the year 2020-21, it was observed that the highest CTC offered stood at INR 28.5 LPA while the average placement was around INR 10-11 LPA. More than 150 recruiters visited the campus. Some of the companies visiting the campus for placements are-

1. Amazon
2. Google
3. IBM
4. Ernst & Young
5. Deloitte
6. HSBC
7. SAP

Both of these colleges are among the best management colleges in Mumbai. You should take note, talk with the recent pass-out students to know the current placement situation. This will help in making the right choice.

To choose between, KJ Somaiya Institute of Engineering and Information Technology and Fr. Conceicao Rodrigues College of Engineering depends entirely on which course you choose. For courses like Computer Science, Information Technology and Production, CRCE is the better option.

The table below draws a comparison between the two above mentioned institutes.

KJ Somaiya has better placements and better infrastructure for Computer Engineering as compared to Shah and Anchor. Given below is a brief insight into the CS programs offered by these two institutes.

KJ Somaiya:

KJ Somaiya is among the well-reputed engineering colleges in Mumbai. The computer and IT department are one of the best departments in KJ Somaiya.

• Admission: The eligibility criteria for pursuing computer engineering is a minimum of 50% marks in 10+2 with Physics, Mathematics as compulsory subjects. The candidates must have valid scores in MHT-CET or JEE Main examinations. The course fee is 11.44 lakhs per year.

• Placements: KJ Somaiya has a dedicated placement department that conducts pre-placement talks and training. Every year, around 80% of the students get placements from the on-campus drive. The salary packages range from 7 LPA to 13 LPA. The top esteemed recruiters of KJ Somaiya are TCS, Cisco, Deloitte, Infosys, Microsoft, IBM, Blue Star, Barclays, Oracle, Accenture, Godrej, Capgemini, etc.

Shah and Anchor:

Shah and Anchor is affiliated to the University of Mumbai and approved by AICTE, New Delhi.

• Admission: The eligibility criteria for admission are 10+2 with a minimum of 45% marks. The candidates must have relevant scores in MHT-CET or JEE Main examinations. The course fees required for pursuing Computer Engineering in this institute is 1.27 lakhs per annum.

• Placements: The placements at Shah and Anchor are excellent. More than 80 companies visit the campus. The average CTC offered is around 5.5 LPA. Top recruiters at the institute are Tech Mahindra, Godrej, L&T, TCS, Amdocs, Diebold, Vistar, Minecraft, Infosys, Oracle, JIO, Capgemini, etc.